NMDC FPO receives subscription of 0.79 times

The Follow-on Public Offering (FPO) of NMDC Limited has received subscription of 0.79 times till 5:00 PM on March 11, 2010.

The FPO has received total bids for 260911580 equity shares against the offer of 332243200 equity shares resulting in a subscription of 0.79 times. The issue has received bids for 2360700 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 1.5567 times with bids for 257238820 equity shares against the offer of 165250000 equity shares.

The Non Institutional Investors portion has received bids for 301260 equity shares against the offer of 49575000 equity shares resulting in a subscription of 0.0061 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 0.0285 times with bids for 3301860 equity shares against the offer of 115675000 equity shares.

The Employee Reservation portion has received bids for 69640 equity shares against the offer of 1743200 equity shares resulting in a subscription of 0.0399 times.

Source : Equity Bulls

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